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Willis Towers Watson (WTW) exec gains dividend share unit awards

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Willis Towers Watson plc executive Anne Pullum, Co-Head of Corporate Development, reported routine equity awards tied to company plans. On 01/15/2026, she was credited with 5.432 WTW ordinary shares as dividend equivalent rights, bringing her direct holdings to 17,847.5993 ordinary shares. She also acquired 6.6725 restricted share units under the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees and 2.5125 restricted share units under the Non-Qualified Stable Value Excess Plan for U.S. Employees, at a price of $0 per unit. Following these transactions, she holds 2,434.508 restricted share units under the first plan and 909.2348 restricted share units under the excess plan, each generally settling into ordinary shares on a 1:1 basis under the stated plan terms.

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Insider Pullum Anne
Role Co-Head of Corporate Dev.
Type Security Shares Price Value
Grant/Award Restricted Share Unit 6.673 $0.00 --
Grant/Award Restricted Share Unit 2.513 $0.00 --
Grant/Award Ordinary Shares, nominal value $0.000304635 per share 5.432 $0.00 --
Holdings After Transaction: Restricted Share Unit — 2,434.508 shares (Direct); Ordinary Shares, nominal value $0.000304635 per share — 17,847.599 shares (Direct)
Footnotes (1)
  1. The dividend equivalent rights accrued on the reporting person's previously reported restricted share unit award and will vest based on the same vesting schedule applicable to the underlying award. Each dividend equivalent right is the economic equivalent of one WTW Ordinary Share. Restricted share units settle for Ordinary Shares, nominal value $0.000304635 per share, on a 1:1 basis 6 months after the reporting person's termination date. Represents dividends acquired pursuant to the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees (the "Plan"), including the participant's deferral election under the Plan and the Company's matching contribution on the participant's deferral election credited to the participant's account in the form of restricted share units under the Plan. Vested shares under the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees settle for Ordinary Shares, nominal value $0.000304635 per share, on a 1:1 basis on the first business day of the month on which the NASDAQ Stock Market is open for business following the earlier of (i) the date that is 6 months after the reporting person's separation from service and (ii) the date that is 30 days after the reporting person's death. Represents dividends acquired pursuant to the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees (the "Excess Plan"), including the participant's deferral election under the Excess Plan and the Company's matching contribution on the participant's deferral election credited to the participant's account in the form of restricted share units under the Excess Plan.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Pullum Anne
(Last) (First) (Middle)
C/O WILLIS GROUP LIMITED
51 LIME STREET
(Street)
LONDON X0 EC3M 7DQ
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
WILLIS TOWERS WATSON PLC [ WTW ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Co-Head of Corporate Dev.
3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Ordinary Shares, nominal value $0.000304635 per share 01/15/2026 A 5.432(1) A $0 17,847.5993 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Share Unit (2) 01/15/2026 A 6.6725(3) (2) (2) Ordinary Shares, nominal value $0.000304635 per share 6.6725 $0 2,434.508 D
Restricted Share Unit (4) 01/15/2026 A 2.5125(5) (4) (4) Ordinary Shares, nominal value $0.000304635 per share 2.5125 $0 909.2348 D
Explanation of Responses:
1. The dividend equivalent rights accrued on the reporting person's previously reported restricted share unit award and will vest based on the same vesting schedule applicable to the underlying award. Each dividend equivalent right is the economic equivalent of one WTW Ordinary Share.
2. Restricted share units settle for Ordinary Shares, nominal value $0.000304635 per share, on a 1:1 basis 6 months after the reporting person's termination date.
3. Represents dividends acquired pursuant to the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees (the "Plan"), including the participant's deferral election under the Plan and the Company's matching contribution on the participant's deferral election credited to the participant's account in the form of restricted share units under the Plan.
4. Vested shares under the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees settle for Ordinary Shares, nominal value $0.000304635 per share, on a 1:1 basis on the first business day of the month on which the NASDAQ Stock Market is open for business following the earlier of (i) the date that is 6 months after the reporting person's separation from service and (ii) the date that is 30 days after the reporting person's death.
5. Represents dividends acquired pursuant to the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees (the "Excess Plan"), including the participant's deferral election under the Excess Plan and the Company's matching contribution on the participant's deferral election credited to the participant's account in the form of restricted share units under the Excess Plan.
/s/ Anne Pullum by Lina Vanessa Jaramillo, Attorney-in-Fact (power of attorney previously filed) 01/16/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did WTW report for Anne Pullum on January 15, 2026?

On 01/15/2026, WTW reported that officer Anne Pullum acquired 5.432 ordinary shares as dividend equivalents and additional restricted share units credited under company non-qualified plans, all at a price of $0 per unit.

How many Willis Towers Watson (WTW) ordinary shares does Anne Pullum hold after this Form 4?

After the reported transaction, Anne Pullum beneficially owns 17,847.5993 WTW ordinary shares directly.

How many restricted share units linked to WTW does Anne Pullum hold after these awards?

Following the transactions, Anne Pullum holds 2,434.508 restricted share units under the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees and 909.2348 restricted share units under the Non-Qualified Stable Value Excess Plan.

What is the nature of the WTW dividend equivalent rights reported in this Form 4?

The dividend equivalent rights accrued on previously reported restricted share unit awards, vest on the same schedule as those awards, and each is the economic equivalent of one WTW ordinary share.

How do WTW restricted share units for Anne Pullum settle into ordinary shares?

The filing states that certain restricted share units settle into WTW ordinary shares on a 1:1 basis under specified plan terms, including timing tied to termination or separation from service.

Were the WTW equity awards to Anne Pullum part of company savings or excess plans?

Yes. The Form 4 explains that some awards represent dividends and company matching contributions credited as restricted share units under the Non-Qualified Deferred Savings Plan and the Non-Qualified Stable Value Excess Plan for U.S. employees.